5024 Broadway Ave.
Haltom City, TX  76117
817-222-7700

January 18, 23018 EDC Minutes

MINUTES

BOARD OF DIRECTORS REGULAR MEETING HALTOM CITY ECONOMIC DEVELOPMENT CORPORATION

City Hall Pre-Council Chambers - 5024 Broadway Avenue January 18, 2018 – 6:00 P.M.

 

A Regular Meeting was held by the Board of Directors of the Economic Development Corporation (EDC) on Thursday, January 18, 2018, at the City Hall Pre-Council Chambers with the following members present: President Ricky Brown; Vice President Gary Blocker; Board Members Bob Watkins, Trae Fowler, Don Jury, and Wesley Hart. Board Member David Averitt was absent. Staff Members present: EDC Director Keith Lane, Assistant City Manager Rex Phelps, Finance Director Jennifer Fung, City Secretary Art Camacho, and City Attorney Wayne Olson. City Council Members Lin Thompson and Walter Grow were also present during the meeting and Executive Session..

CALL TO ORDER

President Brown called the meeting to order at 6:00 p.m.

  1. EDC Minutes – Consideration and/or action to approve the Minutes of December 14, 2017. Board Member Watkins moved, seconded by Board Member Jury, to approve the Minutes of the December 14, 2017 meeting. The motion was approved unanimously.

  2. Finance Report – Discussion of the monthly Finance Report. Finance Director Jennifer Fung presented the Finance Report and no action was taken.

  3. Bylaws Attendance Amendment – Consideration and/or action to revise the attendance policy in the EDC Bylaws. A discussion was held regarding the attendance, performance and conduct of EDC members. The Staff and City Attorney will review and provide an amendment for the bylaws. Board Member Fowler moved, seconded by Board Member Blocker, to approve an amendment to be presented by the Staff and City Attorney concerning the attendance, performance and conduct of EDC members. The motion was unanimously approved.

  4. EDC Property Transfer Policy – Consideration and/or action to develop a policy regarding real property transfers. A discussion was held regarding the legal statutes concerning the involvement of EDC members in transactions involving conflicts of interest and past and future business property deal disclosures. This subject will be considered with the previous agenda item bylaws amendment concerning attendance, performance and conduct of EDC members. No action was taken.

  5. EDC Grant Policy Amendment – Consideration and/or action to revise the EDC Grant Policy. Assistant City Manager Rex Phelps presented the updated policy that includes any business benefitting from an EDC grant must show a Haltom City address on their business stationary and other company material. Board Member Jury moved, seconded by Board Member Fowler, to approve that the grant policy require the words “Haltom City” be used on the grant recipients mailing address on their marketing and identifying material. The motion was unanimously approved.

  6. DFW Stone Grant Extension – Consideration and/or action to allow an extension to the EDC Grant provided to DFW Stone Supply. Darren Hopkins, of DFW Stone Supply, addressed the EDC Board in regard to delays caused by construction being performed on easements. Assistant City Manager Rex Phelps also read an email from Public Works Director Greg Van Nieuwenhuize concerning the neighboring property owner having disputes with the construction contractor. Board Member Jury moved, seconded by Board Member Blocker, to grant an extension of six (6) more months. The motion was approved unanimously.

  7. Haltom Hospitality Agreement Amendment - Consideration and/or action to amend the Haltom Hospitality Agreement. Al Karmali, of Haltom Hospitality, addressed the Board regarding a construction delay involving a new construction bond and requested an extension to May 1, 2018. A discussion was held concerning the bond percentages requested, bond obligation and guarantees, and the assistance of a new bond company (Apex) to remedy this. Board Member Jury moved, seconded by Board Member Watkins, to grant ninety (90) days with the condition that there is no change on what the bond guarantees. A discussion was held and Board Member Fowler moved for a substitute motion to limit the time for the acquiring of the bond to 30 – 45 days. There was no second. After a discussion, Board Member Jury agreed to rescind his original motion if an agreeable time could be determined. Board Member Fowler moved, seconded by Board Member Jury, for a substitute motion to set April 1, 2018 as the deadline date with a guarantee of no change of the bond. The motion was approved unanimously. Board Member Fowler also questioned Mr. Karmali on the date of a building purchase in Haltom City he made from David Averitt around November/December 2015, when it closed around December 2015, and Mr. Averitt’s vote on Mr. Karmali’s agenda item in June 2016.

EDC Board President Brown called for an Executive Session at 6:54 under the following:

EXECUTIVE SESSION

Section 551.071 – Consultation with the EDC Attorney. The Economic Development Corporation reserves the right to adjourn into Executive Session at any time during the course of this meeting to seek legal advice from the EDC Attorney about any matters listed on the agenda and litigation, dissolution/restructuring of the Haltom City Economic Development Corporation, settlement offers and/or claims including Flynn v. Haltom City.

Section 551.072 – Real Property. The Economic Development Corporation may deliberate the purchase, exchange, lease or value of real property, including properties for projects related to the development of new city facilities pertaining to the bond election.

RECONVENE INTO REGULAR SESSION

Take any action necessary pursuant to executive session, including consideration and/or action regarding projects related to the development of new city facilities pertaining to the bond election.

The Board reconvened into Regular Session at 7:50 p.m. Board Member Jury moved, seconded by Board Member Watkins, for approval of the City Attorney to take legal action in the Flynn lawsuit as discussed in Executive Session. The motion was unanimously approved.

ADJOURNMENT

President Brown adjourned the meeting at 7:52 p.m. RESPECTFULLY SUBMITTED BY: APPROVED BY:

Art Camacho, City Secretary Ricky Brown, President

EDC January 18, 2018 Minutes page 2

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